ONE Savings Bank PLC : Appointment of Non-Executive Director <Origin Href="QuoteRef">OSBO.L</Origin>

OsbAnnouncement

21/12/2015 17:30

21 December 2015: For immediate release 
 
 OneSavings Bank plc 
 
 Board Changes 
 Appointment of Non-Executive Director 
 
 The board of OneSavings Bank plc ("OSB"), the specialist lending and retail
savings group, announces the appointment of an independent Non-Executive
Director following approval by the Prudential Regulation Authority and the
Financial Conduct Authority 
 
 Eric Anstee will join the board of OSB with immediate effect. His appointment
brings the number of directors on the board of OSB to twelve, of whom six are
independent, not including the Chairman, who was deemed independent on
appointment. 
 
 Eric is a qualified accountant with over 40 years experience including senior
positions at Ernst and Young, Old Mutual Plc, being the first Chief Executive
of the Institute of Chartered Accountants in England and Wales. He is a
current member of the Takeover Panel Appeals Board and a former member of the
Board of the Financial Reporting Council. 
 
 Commenting on the appointment, Mike Fairey, Non-Executive Chairman of OSB
said: 
 
 "We are extremely pleased to welcome Eric to the Board of OSB. His extensive
financial skills and knowledge of the Financial Services industry will be
extremely valuable to the continued development of OSB. I very much look
forward to working with him." 
 
 ENDS 
 
  Enquiries:                                                         
  OneSavings Bank plc                                                
  Alastair Pate, Head of Investor Relations     t: 01634 838973      
                                                                    
  Brunswick                                    t:  020 7404 5959   
  Robin Wrench / Simone Selzer                                       
 Notes to Editors 
 
 Eric Anstee - Non Executive Director 
 
 Eric joined OneSavings Bank in 2015. He is a senior chartered accountant,
having held senior positions in Ernst and Young, Old Mutual Plc and other
financial services businesses over the last 40 years. Eric was most recently
Executive Chair of CPP Group Plc, and prior to that Chief Executive of the
City of London Group. Eric was the first Chief Executive of the Institute of
Chartered Accountants for England and Wales and was a member of the Board of
the Financial Reporting Council.  Eric is still a member of the Takeover
Panel Appeals Board and is a Visiting Professor at the London Metropolitan
University Business School. 
 
 About OneSavings Bank plc 
 
 OneSavings Bank plc ('OSB') began trading as a bank on 1 February 2011 when
the trade and assets of Kent Reliance Building Society ('KRBS') were
transferred into the business. OSB is a specialist lending and retail savings
group authorised by the Prudential Regulation Authority, part of the Bank of
England, and regulated by the Financial Conduct Authority and Prudential
Regulation Authority. 
 
 OSB focuses on selected sub-sectors of the lending market in which it has
established expertise, platforms and capabilities, and where opportunities
have been identified for both high returns on a risk-adjusted basis and strong
growth. These include Residential Mortgages (comprising first charge, second
charge and shared ownership), Buy-to-Let/SME and Personal Loans. OSB
originates organically through specialist brokers and independent financial
advisors. 
 
 OSB is predominantly funded by retail savings originated through the
established Kent Reliance franchise, which includes a network of branches in
the South East of England, as well as online and postal channels.
Diversification of funding is currently provided by a securitisation and OSB
joined the Funding for Lending Scheme in early 2014. 
 

 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients. 
 The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein. 
 Source: ONE Savings Bank PLC via Globenewswire 
 HUG#1975205